Project Idea: a site that reviews and analyzes ‘terms of service’ agreements and ‘privacy policies’ and presents them in an visually skim-able way, a la Creative Commons licenses
UPDATE 20 March 2007
I just picked up slareporter.com with this in mind.
What I have been thinking about lately is an archive of exactly those sorts of agreements and also End User License Agreements so that you can compare them from version to version to easily see what has changed.